Wacky soccer guy Robert Sarver has raised his bid for Sevco to £20m!
The Phoenix Suns owner is providing a useful distraction for the cash strapped club which requires over £8m to see the season out in it’s current condition.
Sarver’s interest surfaced on Sunday, was commented on in an Alternative Investment Market statement on Monday then rejected by the club on Tuesday.
With no chance of a consensus between the current warring factions and an AGM resolution to accept outside cash rejected the chances of Sarver being greeted like the new Craig Whyte or Charles Green are non-existent.
More than two weeks after their AGM Sevco have still to launch the share issue needed to survive but despite all those factors Sarver is intent on milking his 15 minutes of fame.
This morning he announced: “ If the board agrees to my proposal, I would provide a total of £16.4-£20m to be invested in the club as the board determines – £6.5m immediately and the remainder following a share issue, taking the major step necessary to restore financial stability to the club.
“I know, of course, that there are various groups of prominent fans who have been working hard for a long time to bring change to the club and they can rest assured that I am committed to building a strong partnership with fans and key stakeholders to do what is best for the club.
“I fully realise that a strong sports club needs local investment, local directors and local support to be successful.
“I’ve received messages of support from many Rangers fans and really appreciate their good wishes – even if sometimes I don’t immediately get their Scottish sense of humour!
“After everything they have been through in recent years, I understand some are rightly cautious about a guy they’ve never heard of wanting to get involved in their club. I’d feel exactly the same way.
“But hopefully I can combine my financial resources and knowledge of professional sport with strong local leaders and top-notch management to bring Rangers back to elite level.”
Like most things Sevco related little adds up with the Sarver ‘bid/offer’ valuing shares at 20p each the same as the lowest market price in the troubled club’s two year history!
In today’s AIM announcement Sevco confirmed that Sandy Easdale has been repaid his £500,000 emergency loan from the clearance of a cheque from Brentford for Lewis MacLeod.